Latest Jim Whitehurst Stories

2008-08-18 12:00:16

Software supplier Red Hat is racking up growth figures that much of techdom might envy. Sales rose 32%, to $157 million, in the quarter ended May 31, and profits climbed a respectable 7%. So why is Wall Street so bearish on the stock? A day after Red Hat (RHT) reported results, Oppenheimer & Co. (OPY) downgraded the shares, citing few opportunities for growth. Three other investment banks had lowered their Red Hat ratings in the previous nine months, and the company's shares, which on...

Word of the Day
  • Good cheer; viands.
  • To revel; to feast.
The word 'bellycheer' may come from 'belle cheer', "good cheer".